Oklahoma Real Estate Outlook 2022

Oklahoma is one of the top 10 markets where first-time buyers are battling investors for homes, the reason?  There simply isn’t enough supply to meet demand. As Realtor.com reports, investors are buying about 11% of the homes listed for sale, with buyers coming in from both coasts.

Real estate investors buying and holding cash flowing rental property for the long-term may find exactly what they’re looking for in Oklahoma. Local real estate brokers deem Oklahoma as a good buy since pricing is pretty steady with very minimal increase.

Oklahoma City is the capital and largest city in Oklahoma. Government, defense, and the natural resources sectors are the largest economic drivers in the region. Thanks to business-friendly government incentives to grow the job market, the aviation and aerospace, bioscience, financial services and international trade sectors help the economy remain diversified and the housing market robust and healthy over long periods of time. 

Job Market Trends

The job market in Oklahoma has grown right along with the population. Over the past 10 years, more than 330,000 new jobs were created in the metropolitan area, while the cost of living remains below the national average.

Real Estate Market

The Oklahoma City real estate market continues to boom, with the number of single-family homes for sale down by nearly 50% compared to last year. 

Strong sales activity is one reason why Oklahoma ranks among the best real estate markets. The favorable outlook for the Oklahoma real estate market is based on the same criteria that real estate investors typically use, including factors such as having a  healthy real estate market, affordability, and overall economic environment ranking.